Beginning October 1, 2024, the SLRAP is available to Council employees who meet the following criteria:
1. Must have completed and received an undergraduate or graduate degree from a nationally accredited college or university;
2. Must have at least one year of consecutive full-time service with the Council by October 1, 2024; employees serving under a time-limited appointment or in a part-time status are ineligible for participation in the program;
3. Must maintain employment with the Council during the entire fiscal year to receive the bi-weekly payments; separation from the Council will terminate participation in the program and the receipt of the program payments;
4. Employees with federal and private loans are eligible provided that the private loan must be in the employee’s name and is/was for the educational attainment of the employee (Parent loans and loans for dependents are ineligible);
5. Must be in good repayment standing. Must provide proof of previous 12 consecutive months payment history including the required repayment amount.
Recent graduates currently in a grace period with payments beginning on or after October 1, 2024, must provide lender documentation of expected monthly repayment amount. SLRAP benefits will commence at the expiration of the grace period;
6. Must provide all information requested in the application form;
7. Must provide quarterly proof of payment records; and
8. This benefit will be included as income and may impact an employee’s taxes.